$195,000
$5K PRICE DROP

5040 E Pawnee Ave Wichita, KS 67218

East Mt Vernon Neighborhood

Estimated payment $1,103/month

Total Views 3,627
4 Beds
-- Bath
1,615 Sq Ft
$121 Price per Sq Ft

Highlights

  • No HOA
  • Many High School Rated A-
  • Forced Air Heating System

About This Home

Perfect opportunity to buy a duplex and live in one side and rent out the other or rent out both! This duplex offers 2 bedrooms, 1 bath, basement with laundry and storage on each side! Both have at least 2 spaces to park or more if you are creative. Please give 48 hour notice for the tenants. Selling "AS IS". Tenants are on month to month leases. Leases are WAY under market going rates.

Listing Agent

Lisa Mayfield

Berkshire Hathaway PenFed Realty License #00242185 Listed on: 10/10/2025

Co-Listing Agent

Trang Nguyen

Berkshire Hathaway PenFed Realty License #00248437

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $978

Year Built

  • Built in 1956

Home Design

  • 1,615 Sq Ft Home
  • Composition Roof

Parking

  • 2 Parking Spaces
  • Over 1 Space Per Unit

Schools

  • Allen Elementary School
  • Southeast High School

Additional Features

  • 4 Bedrooms
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 127-36-0-33-05-022.00

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $9,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$978

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1956
  • Property Sub-Type: Duplex
  • Co List Office Mls Id: SCK86
  • Co List Office Phone: 316-636-2323
  • Co List Office Phone: 316-636-2323
  • Ownership: Individual
  • MLS Status: Active
  • Architectural Style: Side by Side
  • FloodInsurance: Unknown
  • TransactionType: For Sale
  • MarketingRemarks: Perfect opportunity to buy a duplex and live in one side and rent out the other or rent out both! This duplex offers 2 bedrooms, 1 bath, basement with laundry and storage on each side! Both have at least 2 spaces to park or more if you are creative. Please give 48 hour notice for the tenants. Selling "AS IS". Tenants are on month to month leases. Leases are WAY under market going rates.
  • BasementUse: Laundry,Tenant Storage
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range
  • Basement: Unfinished
  • Total Bedrooms: 4

Exterior Features

  • Roof: Composition
  • Construction Type: Frame, Masonry

Garage/Parking

  • Parking Features: 2 per Unit
  • Total Parking Spaces: 2

Utilities

  • Cooling: Multi Units
  • Heating: Forced Air
  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Allen
  • High School: Southeast
  • Junior High Dist: Wichita School District (USD 259)
  • Middle Or Junior School: Curtis

Lot Info

  • Parcel Number: 127-36-0-33-05-022.00

Rental Info

  • Owner Pays: None

Multi Family

  • Gross Income: 9700
  • Number Of Units Total: 2
  • Tenant Pays: Electricity, Gas, Lawn Care, Trash Collection, Water/Sewer

Tax Info

  • Tax Annual Amount: 977.5

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $988 $10,718 $2,599 $8,119
2023 $988 $9,017 $2,243 $6,774
2022 $877 $8,269 $2,116 $6,153
2021 $875 $7,798 $1,714 $6,084
2020 $852 $7,568 $1,714 $5,854
2019 $793 $7,050 $1,472 $5,578
2018 $792 $7,050 $1,472 $5,578
2017 $1,123 $0 $0 $0
2016 $1,120 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/01/2025 12/01/25 Price Changed $195,000 -2.5% $121 / Sq Ft
10/10/2025 10/10/25 For Sale $200,000 +106.6% $124 / Sq Ft
04/29/2022 04/29/22 Sold -- -- -- View Prior Sale
03/31/2022 03/31/22 Pending -- -- --
02/22/2022 02/22/22 For Sale $96,800 -- $60 / Sq Ft
Source: South Central Kansas MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Security 1St Title
Warranty Deed -- None Available
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $51,850 Future Advance Clause Open End Mortgage
Source: Public Records

Source: South Central Kansas MLS

MLS Number: 663244

South Central Kansas MLS

APN: 127-36-0-33-05-022.00

Kansas Sedgwick County Wichita 67210 East Mt Vernon

5040 E Pawnee Ave, Wichita, KS

For Sale

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South Central Kansas MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. © 1993-2025 South Central Kansas Multiple Listing Service, Inc. All rights reserved.

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Lisa Mayfield
Listing Agent
Lisa Mayfield
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Berkshire Hathaway PenFed Realty
(316) 742-6024